JSC “OGK-6”: IFRS Financial Statements for the First 3 Months of 2010
JSC “OGK-6” (MICEX - OGK6; RTS – OGKF) reports its Interim Consolidated Financial Statements for three months of 2010 prepared in accordance with International Financial Reporting Standards (IFRS).
The company revenues in the first quarter of 2010 increased 11% compared to the same period of 2009 to 12,348 mln roubles. Revenues from electricity and capacity sales after three months of 2010 reached 11,363 mln roubles or 11% more than the results of the same period of 2009. Revenues from heating sales also rose 11% and amounted to 852 mln roubles. The rise in revenues was caused by the growth of electricity volumes sold at the wholesale market.
The operating expenses rose 26% to 11.2 bln roubles, particularly because of increase in fuel consumption resulted from the growth of electricity production during the cold period as well as from the changes in the fuel mix.
Consequently, operating profit in the reported period amounted to 1,231 mln roubles, and net profit totaled 903 mln roubles.
|
Three months ended March 31 2010
|
Three months ended March 31 2009
| |
|
mlnRUR |
|
|
|
Revenues Electricity and capacity Heating Other Operating expenses |
12,348.233 11,363.253 851.971 133.009 11,242.374 |
11,095.069 10,214.039 768.274 112.756 8,901.833 |
|
Operating profit |
1,231.063 |
2,219.447 |
|
Profit before income tax |
1,145.069 |
2,291.712 |
|
Profit for the period (Net profit) |
902.685 |
1,904.085 |
The translation into English of the Interim Consolidated Statement on Financial Position, Interim Consolidated Statement of Comprehensive Income, and Interim Consolidated Statement of Cash Flows for the reported period can be found following this link: http://www.ogk6.ru/en/shareholders/finindexs/msfo/2005.php
Note:
The JSC “OGK-6” is one of the largest Russian generating companies. It is composed of five branches: Ryazanskaya GRES, Novochrekasskaya GRES, Kirishskaya GRES, Krasnoyarskaya GRES-2, Cherepovetskaya GRES.
The JSC “OGK-6” shares are traded at Russian MICEX and RTS. In July, 2008 the GDR program under Reg S and Rule 144A of JSC “OGK-6” shares was opened by Deutsche Bank Trust Company Americas. The ISIN for Reg. S GDRs is US 6708472013; ISIN for the Rule 144A GDRs is US 6708471023.
Corporate Governance Unit
Ivan Troynikov, Maxim Kochetkov
tel. +7(495) 428-53-45
